Automotive IT News and Facts
Chinese car manufacturer Zhejiang Youngman will buy a 29.9 pc stake in Spyker for 10 million euros, the Dutch luxury sports car maker said Monday. The two companies will also establish  a joint venture to build a new range of cars. Youngman, which will pay 25 million euros into the venture, will hold 75 pc [...]
Spyker has filed a 3 billion-dlr complaint against General Motors, claiming the US carmaker took “unlawful actions” that contributed to the bankruptcy of Sweden’s Saab Automobile. Spyker, a Dutch maker of luxury sports cars, bought Saab from GM in early 2010 for 76 million dlrs. But it failed to turn around the ailing Swedish carmaker. [...]
